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  • Lending by BNDES contracts

    New loans issued by Brazilian development bank BNDES were down 13% year-on-year in January-September to 43.5bn reais (US$11.7bn). BNDES said in a statement that loans for the industrial sector dropped nearly 27% in the nine months. ...

  • Brazil extends Lava Jato probe

    After more than four years, Brazil's corruption probe known as Lava Jato will be extended by a year following a decision by attorney general Raquel Dodge. The operation, which started in March 2014, initially centered on alleged...

  • BNDES to boost infra financing

    Development bank BNDES is planning to expand the financing of infrastructure projects in Brazil. The bank generally reduced the volume of loans in recent years, but now also plans to get more involved and help structuring projects. ...

  • Cuba misses loan payment to Brazil's BNDES

    The Cuban government missed a US$6mn loan payment to Brazil's state-run development bank BNDES that was due in June, according to Brazilian daily Folha de S. Paulo. In 2019, BNDES loans to Cuba worth US$70mn will mature, according...

  • Joaquim Levy confirmed as new BNDES head

    World Bank CFO Joaquim Levy (pictured) will become the new president of Brazil's state-run development bank BNDES. His appointment was made by Paulo Guedes, who will become the country's new finance minister when Jair Bolsonaro...